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WellCell Eyes Expansion Into AI Infrastructure Services; Shares Jump 7%

WellCell (HKG:2477) plans to expand into artificial intelligence infrastructure services as part of a broader AI strategy upgrade, according to a May 15 Hong Kong bourse filing.Shares of the telecommunications company were up over 7% in Monday morning trade.The company said it aims to develop a computing power leasing platform offering graphics processing unit services for AI training, inference, and high-performance computing applications.WellCell also plans to establish a dedicated AI strategy task force and an independent business unit to advance the initiatives.

HKG:2477

Asia52d ago

Korea Exchange Halts Kospi Trading for Five Minutes After Strong Sell-Off Amid Continued US-Iran Conflict

The Korea Exchange activated a five-minute sell-side sidecar on the country's primary stock market on Monday morning amid the frantic sell-off as investors reacted to last week's losses on Wall Street amid increasing inflation concerns related to the ongoing US-Iran conflict.The Korea Exchange announced the order at 9:19 am after the KOSPI200 Futures declined 60.24 points, or 5.1%, to trade at 1,112.46.A sell-side sidecar is activated when the KOSPI200 Futures index declines 5% or more for at least one minute.

^KOSDAQKOSPI

Asia52d ago

Vodafone Idea Returns to Profit in Fiscal Q4

Vodafone Idea (NSE:IDEA, BOM:532822) reported a profit in the fiscal fourth quarter ended March 31, reversing the loss a year earlier, on the back of a one-time accounting gain from the readjustment of the Indian government's adjusted gross revenue.Consolidated profit after tax during the March quarter came in at 519.7 billion rupees from a loss of 71.7 billion rupees a year ago, the telecom services provider said in a filing to the Indian stock exchanges on Saturday.Earnings per share stood at 4.80 rupees from a loss per share of 1.01 rupees a year earlier. EPS beat expectations of analysts polled by Visible Alpha, who had estimated a loss per share of 0.51 rupees.Revenue from operations in fiscal Q4 grew to 113.3 billion rupees from 110.2 billion rupees a year ago.

BOM:532822NSE:IDEA

Asia52d ago

NZX Midday Sector Update: Distribution Services Rise, Consumer Non-Durables Fall

Distribution services shares rose the most on New Zealand's Exchange, gaining past 1% on Monday.Shares of Steel & Tube Holdings (NZE:STU) rose almost 3% in recent trade.Meanwhile, the consumer non-durables sector declined by more than 2%.a2 Milk Company (NZE:ATM, ASX:A2M) was down past 5% in recent trade.

^NZ50ASX:A2MNZE:ATMNZE:STU

Asia52d ago

Brambles Lowers Fiscal Sales Revenue Growth Guidance; Shares Hit Near Two-Year Low

Brambles (ASX:BXB) lowered its forecast fiscal-year sales revenue growth to 2% to 3% from the previous 3% to 4% and underlying profit growth to 3% to 5% from 8% to 11%, reflecting about $60 million in earnings impact due to repair capacity constraints in parts of its US subcontracted service center network, according to a Monday filing with the Australian bourse.The company also revised its free cash flow before dividends guidance to be between $1 billion and $1.1 billion from $950 million to $1.1 billion, the filing said.Shares fell nearly 18% in morning trade on Monday and earlier hit their lowest since August 2024.

ASX:BXB

Asia52d ago

Electro Optic Systems Holdings Seeks to Raise Up to AU$175 Million Via Capital Raising

Electro Optic Systems Holdings (ASX:EOS) launched a capital raising of up to AU$175 million via a fully-underwritten AU$150 million institutional placement and a non-underwritten share purchase plan to raise up to AU$25 million, according to a Monday Australian bourse filing.The placement will result in the issue of around 18.8 million new shares to institutional investors at AU$8 apiece.After the completion of the placement, the company will offer eligible existing shareholders the opportunity to apply for up to AU$30,000 worth of new shares under the share purchase plan. The firm added that it reserved the right to accept applications from eligible shareholders in excess of AU$25 million or to scale back applications that exceed that amount.The proceeds are expected to fund the upfront consideration of the MARSS acquisition, provide working capital flexibility, and accelerate commercialization of new products, per the filing.The company's securities were placed in a trading halt from the commencement of trading on Monday at its request, pending the announcement of the equity raising and to allow the "placement to take place in an orderly fashion."

ASX:EOS

Asia52d ago

Market Chatter: CK Hutchison Backs Away From Telecom Unit Listing

CK Hutchison (HKG:0001) is unlikely to pursue a near-term listing of its global telecommunications business and is instead prioritizing the sale of individual assets, Reuters reported Friday, citing three people familiar with the matter.The Hong Kong conglomerate had explored spinning off the unit for a potential listing in London or Hong Kong as early as the third quarter, according to the report.However, prospects for the listing have reportedly dimmed after the company agreed earlier this month to dispose of its 49% interest in a U.K. telecom venture with Vodafone.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0001

Asia52d ago

Yidu Tech Associate Wins Bid for Hospital Data Center Project

Yidu Tech (HKG:2158) said its affiliate Yidu Cloud (Beijing) Technology won the bid for a hospital data center and informatization project at the Chongqing University Affiliated Fuling Hospital, according to a Monday filing with the Hong Kong bourse.The project is valued at 9.6 million yuan, the healthcare solutions provider said.

HKG:2158

Asia52d ago

Update: Elders Posts Lower Fiscal H1 Underlying Earnings, Higher Revenue; Shares Hit Over Eight-Year Low

(Updates to add stock movement in the headline and last paragraph)Elders (ASX:ELD) reported Monday fiscal first-half underlying earnings of AU$0.181 per share, down from AU$0.188 a year earlier.Revenue for the six months ended March 31 was AU$1.77 billion, compared with AU$1.34 billion a year earlier. Analysts surveyed by FactSet expected AU$1.8 billion.The board declared an interim dividend of AU$0.18 per share, unchanged from the prior corresponding period, payable June 25 to shareholders on record as of May 27.The company's shares plunged around 23% in recent Monday trade, hitting their lowest level since October 2017.

ASX:ELD

Asia52d ago

Nordic Resources Identifies High-Grade Gold Mineralization at Finland Project

Nordic Resources (ASX:NNL) said it identified high-grade gold mineralization during a recent drilling at the Vesipera prospect within the Kiimala project in Finland, according to a Monday Australian bourse filing.The results were of up to 1.9 meters at 13.8 grams per tonne grade of gold and 0.22% copper from 29.1 meters, including 0.9 meters at 28.5 g/t grade of gold and 0.04% copper from 30.1 meters.The company said Vesipera hosts a historical, non-compliant mineral resource estimate (MRE), with plans to update the drilling database and potentially compile the first JORC 2012-compliant MRE for Vesipera later in the year.Subsequent drilling at the Kiimala Trend has been completed at the Angesneva deposit with assays expected in the coming weeks, while step-out drilling to the southwest, southeast, and north of the nearby 815,000-ounce gold equivalent Kopsa deposit is currently ongoing, the filing added.

ASX:NNL

Asia52d ago

HBM Holdings' Obesity Drug Found to Have Favorable Profile in Preclinical Data

HBM Holdings (HKG:2142) said its LET003 drug candidate was found to have a more favorable drug-profile in the body than several competing molecules, according to a Monday filing with the Hong Kong bourse.According to preclinical data, the drug significantly enhanced fat reduction and preserved lean mass when combined with Novo Nordisk's weight loss drug semaglutide.Specifically, in an obesity model using wild-type mice, the drug combo decreased fat mass by 76% compared with 34.7% for semaglutide alone.The AI-enabled drug also promoted lean mass at lower doses, with effects comparable to those seen with higher doses of Novartis' bimagrumab, the firm said.

HKG:2142

Asia52d ago

Japan Post Insurance's Net Income Jumps 37% in Fiscal Year 2025; Shares Plummet 10%

Japan Post Insurance's (TYO:7181) net income attributable to the company jumped 37% to 168.80 billion yen for the fiscal year 2025 from 123.47 billion yen a year earlier.The life insurer's net income per share increased to 152.55 yen from 107.52 yen a year ago, according to a Tokyo bourse filing on Friday.Ordinary income dropped 8.8% to 5.626 trillion yen for the period ended March 31 from 6.165 trillion yen in the prior year.Japan Post declared a final dividend of 62 yen per share, payable from June 23.For the fiscal year 2026, the insurer expects attributable net income of 141 billion yen, net income per share of 130.12 yen, and ordinary income of 5.130 trillion yen.Japan Post Insurance plans to pay interim and year-end dividends of 25 yen per share each for the year.Japan Post Insurance shares fell over 10% in morning trade Monday.

TYO:7181

Asia52d ago

Boab Metals to Complete Acquisition of Western Australia Processing Plant Following Satisfaction of Conditions Precedent; Shares Fall 4%

Boab Metals (ASX:BML) said all conditions precedent to the completion of the agreement with Sandfire Resources (ASX:SFR) to acquire the DeGrussa processing plant for use at Boab's Sorby Hills silver-lead project were satisfied, according to a Monday Australian bourse filing.The completion of the transaction will occur in the coming days, and the plant will be dismantled and relocated to the Meekatharra region of Western Australia to Sorby Hills.Boab's shares fell 4% in recent trading on Monday, while those of Sandfire fell 3%.

ASX:BMLASX:SFR

Asia52d ago

Robotphoenix Intelligent Technology Jumps 79% in Hong Kong Trading Debut

Robotphoenix Intelligent Technology's (HKG:6871) shares opened 79% above their initial public offering price in a stellar Hong Kong debut on Monday morning.The China-based industrial robotics maker opened at HK$54.65 per share, well above the offer price of HK$30.50.

HKG:6871

Asia52d ago

Standard Chartered Appoints CFO, COO

Standard Chartered (HKG:2888) appointed Manus Costello as group chief financial officer, according to a Monday Hong Kong bourse filing.Costello will first serve as interim group chief financial officer, with immediate effect, and report directly to Chief Executive Bill Winters.He joined Standard Chartered in April 2024 as global head of investor relations after spending 25 years in equity research, including as a founding partner and global head of research at Autonomous.The bank also appointed Tanuj Kapilashrami as group chief operating officer, with immediate effect.

HKG:2888

Asia52d ago

MAAS Group Holdings' Launceston AI Factory Contract Reaches 35% Completion, Reaffirms EBITDA Guidance

MAAS Group Holdings (ASX:MGH) said its previously announced AU$200 million Firmus contract for a 100-megawatt Launceston AI factory is now about 35% complete, with delivery and commissioning on track within the year, according to a Monday Australian bourse filing.The company said the previously disclosed sale of its construction materials business to Heidelberg Materials Australia for cash consideration of up to AU$1.7 billion is progressing well, with conditions precedent and regulatory workstreams advancing in line with expectations and settlement on track within the year.MAAS Group and its syndicate of lenders have agreed to upsize the company's existing syndicated debt facility by AU$450 million to AU$1.18 billion, the filing added.The company said it has entered into agreements with Bull Capital providing exposure to a portfolio of commercial property developments in the NSW Western Sydney Aerotropolis precinct, including secured debt financing of up to AU$625 million in respect of about 193 hectares of land within the precinct.Fiscal year 2026 underlying EBITDA guidance has been reconfirmed at AU$250 million to AU$280 million, it added.The company's shares fell 1% in recent Monday trade.

ASX:MGH

International52d ago

Chinese AI Stocks' Selloff Likely After US-China Meet Did Not Produce Concrete Deals, Jefferies Says

Investors might selloff Chinese artificial intelligence equities as the U.S. and China have not finalized any concrete deals during President Donald Trump's two-day visit to Beijing, especially on the importation of chips, Jefferies said in a research note on Monday.Jefferies said there was hype over Nvidia Chief Executive Officer Jensen Huang being included in Trump's delegates in a last-minute decision, as talks could involve semiconductor exports to China. However, the trip only laid the groundwork for actual deals that would be formulated in the next three to six months, according to the note.China agreed to the purchase of certain U.S. products, which could only be a part of the deals, Jefferies said.China pledged to buy 200 Boeing airplanes, $17 billion worth of U.S. agricultural products until 2028, and the purchase of U.S. beef and poultry products.Jefferies also said that the Board of Trade that the U.S. and China would establish will only tackle less sensitive investment issues, such as Contemporary Amperex Technology's (SHE:300750, HKG:3750) potential investment to construct a U.S. battery plant, but not lifting the U.S. investment ban on some Chinese companies.

Shanghai Composite^SZSEHKG:3750SHE:300750

Asia52d ago

South Korean Stocks Open Lower Amid US-Iran Deadlock

South Korean stocks opened lower on Monday, forcing regulators to trigger a second consecutive sell-side sidecar as investors reacted to last week's losses on Wall Street.The benchmark Korea Composite Stock Price Index, or Kospi, fell 0.7%, or 49.89 points, to open at 7,443.29. The Kosdaq also decreased by 7.25 points to open at 1,122.57.The Kospi at one point dropped more than 5% to 7,142.71.The Korea Exchange activated a five-minute sell-side sidecar on the country's primary stock market on Monday morning amid the selloff.The Korea Exchange announced the order at 9:19 am after the KOSPI200 Futures declined 60.24 points, or 5.1%, to trade at 1,112.46.The selloff comes amid growing concerns about inflation linked to the fragile ceasefire deadlock between the US and Iran. The United Arab Emirates said Sunday that a drone strike had triggered a fire outside the Barakah Nuclear Power Plant's inner perimeter in Abu Dhabi. Emirati authorities are investigating the origin of the attack, with the defense ministry reporting that three drones entered the UAE from the western border direction.Oil prices rose over 1% after the drone attack, with Brent crude up 1.24% to $110.62 a barrel and West Texas Intermediate gaining 1.75% to $107.26 by late Sunday.

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Asia52d ago

Lumos Diagnostics Progresses Additional Pilot Sites With Urgent Care Operators For Respiratory Infection Testing Tool, Shares Jump 4%

Lumos Diagnostics Holdings (ASX:LDX) progressed numerous additional pilot sites with new urgent care operators/chains for its FebriDx rapid point-of-care test for acute respiratory infections, according to a Monday Australian bourse filing.The eight urgent care chains run by new operator ownership groups are progressing favourably in their evaluation and implementation of FebriDx, it added.Lumos is also receiving regular reimbursement updates through its consultants, PRO-spectus and AcuityMD, and is beginning to see early data from sites using FebriDx, which suggests that over 90% of submitted claims are being reimbursed.Its shares rose 4% in recent trading on Monday.

ASX:LDX

Asia52d ago

Shenzhen SDMC Technology Launches HK$630 Million Hong Kong IPO

Shenzhen SDMC Technology (HKG:0901) launched its Hong Kong initial public offering on Monday, seeking to raise about HK$630 million from the deal.The Chinese smart home products provider is offering 19.2 million shares at HK$32.80 apiece, according to a Hong Kong bourse filing.The offering comprises 1.9 million shares for Hong Kong investors and 17.3 million shares for international investors, subject to reallocation and the offer size adjustment option.The Hong Kong public offering closes on May 21, with allocation results due by May 26, ahead of the company's planned trading debut on May 27.Net proceeds will be used mainly to invest in AI home-related technologies, enhance the company's market position, and develop new products.The funds will also be used for global expansion, investments in upstream and downstream market players, and for working capital and general corporate purposes.China Securities (International) Corporate Finance is acting as sole sponsor, sole sponsor-overall coordinator, sole overall coordinator, and sole global coordinator.China Securities (International) Corporate Finance, CMB International Capital, CCB International Capital, ABCI Capital, CNCB (Hong Kong) Capital, Get Nice Securities, Forthright Securities, and Roofer Securities are acting as joint bookrunners and joint lead managers.

HKG:0901

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